By bizn_fun 
In a statement announcing the scheme, Harrods said: “While we cannot undo the past, we have been determined to do the right thing as an organisation, driven by the values we hold today, while ensuring that such behaviour can never be repeated in the future.”
To be eligible for the scheme, claimants must prove that they were subject to sexual assault and/or wrongful testing, and prove that Harrods is liable.
Many of those who say Fayed abused them underwent intrusive medical examinations when they were hired.
In accepting a compensation offer, victims will waive their right to pursue further action for damages.
The Harrods Group also operates smaller stores at London’s Heathrow and Gatwick airports, as well as a small chain of beauty stores. Revenues for the financial year 2024 were broadly flat at just over £1bn.
It blamed the drop in profits on weaker beauty trading and modernising some of its systems.
Mr Ward added: “The current domestic and global economic environment means that current trading conditions in the luxury sector remain challenging.
“However, we remain confident in the strength of the business, and the resilience of the luxury sector, and that we will continue to drive progress towards longer-term growth and performance objectives.”
Fayed was not charged before his death two years ago.